Local business enterprises

A business enterprise shall be eligible for certification as a local business enterprise if the business enterprise: (1) Has its principal office located physically in the District of Columbia; (2) Requires that its chief executive officer and the highest level managerial employees of the business enterprise perform their managerial functions in their principal office located in the District; (2A) Can demonstrate one of the following: (A) More than 50% of the employees of the business enterprise are residents of the District; (B) The owners of more than 50% of the business enterprise are residents of the District; (C) More than 50% of the assets of the business enterprise, excluding bank accounts, are located in the District; or (D) More than 50% of the business enterprise’s gross receipts are District gross receipts; and (3) Can demonstrate one of the following: (A) The business enterprise is licensed pursuant to Chapter 28 of Title [47]; (B) The business enterprise is subject to the tax levied under Chapter [18] of Title 47; or (C) The business enterprise is a business enterprise identified in § 47-1808.01(1) through (5) and more than 50% of the business is owned by residents of the District.